KPIL wins ₹2,471cr in new contracts, shares fall 2.88%
Kalpataru Projects International Limited (KPIL) just scored fresh orders worth ₹2,471 crore across several sectors.
Oddly enough, the news didn't boost their stock. Shares actually fell 2.88% to ₹1,056.80 on Tuesday and are down over 12% this year.
KPIL's market value now sits at about ₹18,033 crore.
CEO says they've locked in ₹22,000 crore worth of orders
These new contracts cover an underground metro rail project in India (through a joint venture), plus power transmission work both here and abroad, and some buildings and factories projects too.
KPIL is pretty global. They're active in over 30 countries across railways, highways, water supply, oil and gas pipelines, and urban mobility.
CEO Manish Mohnot shared that thanks to a strong project pipeline, they've already locked in around ₹22,000 crore worth of orders for FY26.